Citral Market

Citral Market Synopsis

Citral Market Size Was Valued at USD 2.30 Billion in 2023, and is Projected to Reach USD 4.01 Billion by 2032, Growing at a CAGR of 6.40 % From 2024-2032.

Citral is an aldehyde with a scent identical to lemon, and contains within it a citrus element that is obtained from a botanical source like lemongrass, lemon myrtle, and orange peel, but it can also be produced synthetically. It has universally been applied in the fragrance and flavor production and as a citrus flavoring agent. Citral also used in pharmaceutical industries, cosmetics, food & beverages industries and agrochemicals. 

   Citral is used for the production of natural and organic products which has hence create increasing demand of citral. Natural citral from plants including lemongrass has come into focus in the last few years among the manufacturers as a natural renewable raw material with no inputs of chemicals which is now in sync with the trend of clean label. Hence, usage of natural citral is on the rise in multiple sectors such as fragrances and personal care.

  One other factor is the increasing growth of the international fragrance and flavor market which citral is an important ingredient. Its employment in the production of beverages, foodstuffs, beverages, confectionery, perfumes has created the market. Moreover, the use of citral as an intermediate for synthesizing a lot of drugs in the pharmaceutical industry is a major factor which helps the market to develop.

Citral Market Outlook, 2023 and 2032: Future Outlook

Citral Market Trend Analysis

Exclusively bio based and sustainable sources primarily green expression for citral are gaining popularity

Recent trend in the market reflects that exclusively bio based and sustainable sources primarily green expression for citral are gaining popularity. Thus, amid growing customers’ concern and awareness of how production affects the environment, companies are increasingly turning away from using synthetic citral and towards using it, derived from renewable materials. This has been attributed to increasing demand for natural products as well as the ever-decreasing carbon footprint.

In addition, other developments in extraction and production of citral have enhanced the economy and efficiency of its production. New technologies in biotechnology and green chemical processing are enabling the producer to produce citral more sustainably and better meeting the increasing requirement for use in various applications particularly in natural product application.

Increased consumption of citral in the personal care and cosmetics industry

Currently, there are several good prospects for the development of market participants in the increased consumption of citral in the personal care and cosmetics industry. The increase in the beauty products industry where it is used in perfumes, shampoos and soaps, lotions, etc makes production an attractive prospect. Also, increasing filtration of organic and natural citral in the cosmetic products is expected to boost the market growth in this segment.

A further growth opportunity for citral involves the steady rising global demand for foods and beverages. As consumers look for invigorating and citrus-based tastes, citral for use in the flavouring and condiments for beverages, sugar confectionery and processed foods is experiencing growing volumes. This opens a massive chance for producers because the market for food and beverages is constantly growing.

Citral Market Segment Analysis

Citral Market Segmented on the basis of By Type, By Application and By End-User Industry.

By Types

o   Natural Citral

o   Synthetic Citral

By Applications

o   Fragrance & Flavor

o   Pharmaceuticals

o   Cosmetics & Personal Care

o   Food & Beverages

o   Agrochemicals

o   Others

By End-User Industry

o   Food & Beverage

o   Healthcare

o   Cosmetics & Personal Care

o   Agriculture

o   Others

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Type, Natural Citral segment is expected to dominate the market during the forecast period

Citral is available in two main types: natural and synthetic. Natural citral is derived from lemongrass and lemon myrtle and thus comes with a more friendly approach to the ecosystem by consumers. Synthetic citral is obtained chemically from isoprenoid precursors and but, maybe from other precursors as well. Both types of citral are used to create the same effects in fragrance, flavors, and in the pharmaceutical industry; with natural citral being used for premium products and synthetic citral for cheaper products.

By Application, Fragrance & Flavor segment expected to held the largest share 

Citral is widely employed in the fragrance and flavour trade since it’s characterized by lemon odour and flavour, and contains several applications in the manufacture of perfumes, soaps, foods, and beverages. Citral: It is used in the pharmaceutical organization as an intermediate in the structure formulation of occurrence including antimicrobial and antifungal occurrences. It also used in the cosmetic industries and personal care industries including perfumes, deodorants and lotion. The food and beverages segment utilizes the citral for the essence of the products while the agrochemical segment employs it in formulation of insecticides. Other uses are in the preparation of biofuels as well as industrial chemicals production.

Citral Market Regional Insights

Asia Pacific is Expected to Dominate the Market Over the Forecast period 

The Asia-Pacific region contributes the largest market share to citral due to, especially to fragrance and flavor product demand countries such as China and India. The market dominance owes to the large-scale production of natural citral in the region from lemongrass and other citrus plants. Further, the pharmaceutical, cosmetics sector and food industry in Asia-Pacific is expected to boost the citral consumption to a greater extent.

Furthermore, a well-equipped manufacturing industry in the Asia Pacific region especially in China, India and Thailand coupled with government support to agricultural and industrial sectors still contribute to the growth of citral industry globally. These factors are believed to sustain Asia-Pacific as the market leader going into the future into the future accordingly.

Citral Market Share, by Geography, 2023 (%)

Active Key Players in the Citral Market

      o   BASF (Germany)

      o   Firmenich SA (Switzerland)

      o   Kalsec Inc. (USA)

      o   Mane SA (France)

      o   Solvay (Belgium)

      o   Symrise AG (Germany)

      o   Takasago International Corporation (Japan)

      o   The Good Scents Company (USA)

      o   Vigon International Inc. (USA)

      o   Zhejiang NHU Co., Ltd. (China)

      o   Other key Players

Global Citral Market Scope